Pzena Investment Management LLC Purchases 111,181 Shares of Huntsman Corporation $HUN

Pzena Investment Management LLC lifted its position in Huntsman Corporation (NYSE:HUN) by 1.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,816,359 shares of the basic materials company’s stock after purchasing an additional 111,181 shares during the period. Pzena Investment Management LLC’s holdings in Huntsman were worth $77,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in Huntsman in the third quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in shares of Huntsman during the 3rd quarter valued at about $58,000. Caitong International Asset Management Co. Ltd increased its position in shares of Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 3,706 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 5,925 shares during the period. Finally, Platinum Investment Management Ltd. bought a new position in shares of Huntsman in the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on HUN shares. Mizuho cut their target price on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 price target on shares of Huntsman in a research note on Tuesday, May 19th. Citigroup upped their price objective on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Bank of America raised their target price on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a report on Tuesday. Finally, Royal Bank Of Canada lifted their target price on Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.75.

Huntsman Price Performance

Shares of NYSE:HUN opened at $10.52 on Thursday. The company has a market capitalization of $1.84 billion, a P/E ratio of -5.48 and a beta of 0.70. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $16.08. The firm’s 50 day simple moving average is $13.77 and its two-hundred day simple moving average is $12.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) earnings per share. Research analysts expect that Huntsman Corporation will post -0.25 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, June 15th. Huntsman’s dividend payout ratio is presently -18.23%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.